Jinwu Financial News | ICBC (01398) announced that in 2023, net profit attributable to shareholders of the parent company recorded 363,993 billion yuan (RMB, same below), an increase of 0.79% over the previous year. The average return on total assets was 0.87%, and the weighted average return on equity was 10.66%. Basic earnings per share were $0.98. The board of directors recommended a cash dividend of $3.064 (tax included) for every 10 shares.
During the period, revenue was recorded at 806.458 billion yuan, a year-on-year decrease of 4.26%. Among them, net interest income was recorded at 655.013 billion yuan, a year-on-year decrease of 5.34%, accounting for 81.2% of operating income. Among them, interest income was 1,405,039 billion yuan, an increase of 126.365 billion yuan, an increase of 9.9%; interest expenses were 750.26 billion yuan, an increase of 163.37 billion yuan, an increase of 27.8%. Affected by factors such as lower quoted interest rates (LPR) in the loan market and changes in deposit term structure, the net interest spread and net interest yield were 1.41% and 1.61%, respectively, down an average of 31 basis points from the previous year. Non-interest income of $151,445 million, a slight increase of 0.7%, accounting for 18.8% of operating income; of this, net income from handling fees and commissions was $119.357 billion, a decrease of 7.7%.
According to the five-level classification, normal loans at the end of 2023 were 25,25,275 billion yuan, an increase of 2812.697 billion yuan over the end of the previous year, accounting for 96.79% of various loans; focus on loans of 482.705 billion yuan, an increase of 31,077 billion yuan, accounting for 1.85%, a decrease of 0.10 percentage points; non-performing loans amounted to 353.52 billion yuan, an increase of 32.332 billion yuan, a decrease of 0.02 percentage points. Loan impairment reserve balance of $756.391 billion. The provision coverage rate was 213.97%, an increase of 4.5 percentage points; the loan provision rate was 2.9%, the same as at the beginning of the year.